Building Details

Buildings 2

Stories 2

Tenancy Multi

Listing Agency: RE/MAX Advantage Plus s**@sam-severson.com Show Phone

Listed By: Samantha Severson · License #40603177 Show Phone

Source: Exprealty

Added: Jul 29 Changed: Jul 31 Last Checked: Jul 31 at 10:17AM

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Investment Insights

Based on property information with market context.

This 1,465 SF up/down duplex at 151 3rd Ave in Foley, MN includes a 2 bed/1 bath main-level unit and a 1 bed/1 bath upper-level unit. The property includes a detached 2-stall garage, separately metered utilities, and laundry access from the main-level unit. Tenants pay gas, electric, lawn care, and snow removal. Leases are in place through Fall 2026.

The upper-level unit was updated during 2024–2025 with new flooring, fixtures, and kitchen improvements. The main-level unit includes additional updates and future value-add potential. The configuration supports separate residential units within a single duplex property, with the detached garage providing additional on-site storage or parking functionality.

Key Highlights

• 1,465 SF up/down duplex with 2 bed/1 bath main‑level and 1 bed/1 bath upper unit
• Upper‑level unit updated during 2024–2025 with new flooring, fixtures, and kitchen improvements
• Detached 2‑stall garage included

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Restaurant Dental Office Storage Facility Kitchen & Bath Showroom Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant

Tenancy

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

278

Businesses Nearby

Explore this area Business Placement

Demographics for 56329, MN

7,615

Population

2,939

Households

2.6

Avg Household Size

38

Median Age

19%

College-Educated

92%

High-School Grad

191.9 sq mi

ZIP Area

40

Density / Sq Mi

$89,728

Median Household Income

$46,776

Median Earnings

$1,032

Median Rent

$260,300

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Up/down configuration includes separately metered utilities and leases in place through Fall 2026.

Where is this duplex located?

The property is located at 151 3rd Ave Foley, MN.

What is the asking price?

The asking price for this property is $175,000.

What are key features of this property?

This property features: 1,465 SF up/down duplex with 2 bed/1 bath main‑level and 1 bed/1 bath upper unit; Upper‑level unit updated during 2024–2025 with new flooring, fixtures, and kitchen improvements; Detached 2‑stall garage included